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Consolidation looms for Asia’s insurance industry

March 09, 2010  

From Aaron Pan

Following UK insurer Prudential’s US$35.5 billion bid for American International Assurance, analysts note Asia’s insurance industry is ripe for mergers and acquisitions as smaller firms team up to improve their competitiveness.

Asia’s rapidly developing insurance industry is set for a bout of consolidation as companies outside the region look to tap growth opportunities, say analysts.

Last week, UK insurer Prudential surprised the market with a US$35.5 billion bid for American...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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